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[hfe_template id='11223'] [ad_1] The residential upcycle and strong earnings by real estate companies have not been enough to ease the sustained pressure on realty stocks, which have fallen by up to 40% in the past six months. Among them, six out of ten stocks in the Nifty Realty index are now in a bear market, and experts remain non-committal on whether the bottom has been reached. The Nifty Realty index is down 29% from its all-time high of 1,157.35 and has declined 20% in the last six months. Its underperformance exceeds that of the benchmark indices, with the BSE Sensex and Nifty50 falling 8.4% and 9.3%, respectively. “It is difficult to say whether the stocks have corrected enough and made a bottom, but they may be close to a point where they should start consolidating,” market expert Neeraj Dewan said. In an interaction with ET Now, Dewan highlighted that real estate and stock markets tend to move in tandem and that the recent correction in equities has also affect...

[hfe_template id='11223'] [ad_1] One of top performing sectors for more than a year, realty, is off its high point. Nifty Realty index, which represents a pack of top 10 real estate stocks, has declined 7% over the last three months, thanks to the election season which has slowed project approvals and launches. As markets are on a lookout for new winners with sectoral churing into effect, can it buck the trend to remain on top? Eight stocks in the Nifty Realty index have fallen in double-digits from their 52-week highs with the highest decline seen in Macrotech Developers (Lodha) at 23%. The next in line are Mahindra Lifespace Developers and Sobha which have corrected by 18% and 19%, respectively. Others including The Phoenix Mills, Sunteck Realty, Oberoi Realty, DLF, Godrej Properties, Brigade Enterprises and Prestige Estates have fallen between 17% and 7% from their 52-week top. Stocks like Prestige Estates, Sobha and Brigade Enterprises remain multibaggers despite the...

[hfe_template id='11223'] [ad_1] While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight on the D-Street benchmarks. The 12-stock Nifty Bank has grown by 16% over a 1-year period versus Nifty's 29% in the same time. Realty towers over its other sectoral peers followed by power stocks. Nifty Realty's 1-year returns stand at 83% while BSE Power has yielded 79% returns. Others including Nifty IT, Nifty Pharma, Nifty Oil & Gas, Nifty Auto and Nifty Metal have risen between 36% and 75%. Meanwhile, BSE Cap Goods index has jumped by 59%. The index's underperformance is largely on the back of lackluster show by the private banks. In this, HDFC Bank has given returns of just 3% over a 1...